Zhao Shunqun: Suggestions on the Establishment of an Industrial Investment Fund to Promote the Development of the County Real Economy

Release time:2016-09-21Author: Zhao Shunqun

Abstract: The county real economy is the cornerstone of Jiangsu’s economy, but the real economy of Jiangsu’s county is facing various problems. First, the levels of industry are low and independent innovation and industrial upgrading are difficult. Second, simple clusters lack the support of producer services. Third, enterprises lack high-level production factors. Fourth, the development of emerging industries lack a risk-sharing mechanism. The economic development of Jiangsu counties should learn from the advanced experience, take the establishment of industrial investment funds as the key means, and establish a market-oriented replenishment mechanism for corporate capital. There are several specific policy measures. The top-level design of county-level industrial investment funds is made at the provincial level. County-level governments fully aggregate various special funds and implement market-based management. Pay equal attention to “positive support” and “negative lists” for industrial investment funds. County-level governments take appropriate measures while supervising fund management institutions .